Bitcoin could fall here as yesterday's close was bearish. Momentum on the daily is flat and if today we see a further decline (bearish) in price action, then the rest of the week will rain down and you don't want to miss it. More on a technical perspective, bearish divergence on a stochastic confirms downside momentum -- here's a Bird's-Eye view! Happy Trading...
Here we're seeing a weak momentum on Crude oil. We may see a pullback to levels marked on the chart for a move higher. *If you enjoy these analyses, be sure to follow so you can get chart updates if any changes occur as new market data (price action) comes in.* Happy Trading folks! Cheers!
NewZealand Kiwi is pretty weak across the board and here on this pair, the breakout has quite a bit of volume behind it. It's a long trade! Happy Trading folks! Cheers!
EURUSD looking extremely bearish. 1.20xx is likely the first support where we anticipate a bounce for a short entry.
Gold isn't quite as bullish as anticipated in terms of momentum, now it's turning bearish. The question is how low will it fall if it breaks below our medium-term trendline, only time will tell. Happy Trading folks! Cheers.
Here's a 4hr chart on USDCAD, we'll monitor this one closely whether it will bounce from here or break down. Happy Trading folks! Cheers!
Another short idea on BITCOIN... momentum turning to the dowside.
Dollar Index momentum turning bullish on the daily time-frame. The break of the ascending triangle suggests that USD turns bullish at the start of next week for the long term. Happy Trading folks! Cheers!
Here's a quick look at EURUSD bullish setup. Happy Trading folks! Cheers! :)
Here we're seeing a weak dollar on the USDCHF that coincides with all other major pairs against the DOLLAR. :) Happy Trading folks! Cheers!
Here we are long Gold for a retest of the highs. Happy Trading folks! Cheers! :)
EURUSD is so bullish it could reach new highs. Price action & MACD are diverging, which means price action pushes higher while the MACD indicator converges back to the zero line. I would not want to short it - that's just my opinion! Happy Trading folks! Cheers!
Shorting BITCOIN once it breaks below the trendline targeting 33135.xx. Happy Trading folks! Cheers!
Here's a classic SHORT setup on the GBPUSD. As this month's close comes to an end, we anticipate a pullback - or perhaps a reversal - on this pair from here. Happy Trading folks! Cheers!
BTC currently up against the counter trendline, +DI of the ADX is rising indicating momentum to the upside.. hence this long trade. Happy Trading folks! Cheers!
Friday we saw a squeeze up to our next level resistance. Although we expected EURUSD to go higher after breaking above 1.2050, we didn't expect that it would come sooner. Friday's close was below our resistance level so that means all bets going short. Happy Trading folks! Cheers!
Here we're expecting this pair to push higher with today's bullish close. Both the monthly and weekly time-frame are pointing up and with today's close, we are long targeting 0.7835x level. Happy Trading folks! Cheers!